The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 09, 2025 for Mrs. Sushila Rathi
Awaiting price reaction for this filing.
Mrs. Sushila Rathi, a promoter of Rathi Graphic Technologies Ltd, has disclosed the invocation of a pledge on 6,76,808 shares of the company, representing 4.12% of the total share capital. The invocation happened on 26.12.2024 due to a default in loan repayment by the principal borrower, with Scrips Dealers Exim Pvt Ltd being the lender. The disclosure was filed with BSE on 03.01.2025 under Regulation 31(2) of SEBI (SAST) Regulations, 2011. The encumbered shares were originally pledged as security for the loan obligation. Once invoked, these shares can now be sold by the lender to recover the outstanding amount.
Negative signal for the stock — invocation of a promoter's pledge due to loan default indicates financial stress and could lead to selling pressure on the shares as the lender may offload them in the market to recover dues.